Release date: 2 September 2020
Promoter – Financial Intermediary
UNICREDIT BANK HUNGARY ZRT,UNICREDIT LEASING HUNGARY PENZUGYI SZOLGALTATO ZARTKORUEN MUKODO RESZVENYTARSASAGLocation
Description
Operation under the EU PL RESPONSE TO COVID19 CRISIS FOR SME&MIDCAPS (2020-0225) for small and medium-sized enterprises (SMEs) and mid-caps by utilising either i) loan substitute (covered bond purchase) or ii) multiple beneficiary intermediated loan (MBIL) to support UniCredit Bank Hungary ZRt. and its leasing subsidiary's lending to SMEs and mid-caps mainly in Hungary.
Objectives
Financing of small/medium projects carried out by SMEs and mid-caps. This operation will contribute to mitigating the negative economic effects of the COVID-19 pandemic.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 30/03/2021
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).